SKS Technologies Group Limited (ASX: SKS), an Australian company specialising in the design and installation of electrical technologies and digital infrastructure, has announced an on-market share crossing by its executive leadership. The diversified service offering covers audio visual, communications, and electrical solutions across various industry sectors, including data centres, defence, and commercial buildings. Executive Chairman Peter Jinks, Executive Director Greg Jinks, and an associated entity of Matthew Jinks (collectively, the “Vendors”) completed the sale of 10.0 million shares. Peter and Greg Jinks were responsible for the majority of the transaction, with approximately 360,000 shares from an associated entity of Matthew Jinks.
This share sale, representing about 30% of the Jinks family’s total holdings, was initiated due to significant inbound investor interest. The Vendors indicated the transaction would support the marketability and liquidity of SKS shares, as well as serve wealth diversification purposes. Following the sale, the Jinks family will retain approximately 21% ownership, remaining the majority shareholder. Peter and Greg Jinks will continue in their executive roles, reiterating their commitment to driving shareholder value through profitable growth. The family expressed strong conviction in SKS’s future and stated no intention of further sales for the foreseeable future.
In a concurrent company update, SKS Technologies provided its FY27 guidance. The Board anticipates sales revenue for FY27 to be approximately $500 million with a Profit Before Tax (PBT) of $60 million, supported by expanded bank facilities and strong cash positions. The company also announced an additional $38 million in works for the MEL2 data centre project in Melbourne’s northwest on 6 October 2026, bringing SKS’s total contracted value on this project to $66 million. SKS has current work on hand of approximately $270 million, and its tender pipeline stood at $1.69 billion as of 30 June 2026.
